lbrincat
Short

USDJPY Bearish BAT & Crab Patterns

FX:USDJPY   U.S. Dollar/Japanese Yen
Waiting for this pair to hit the 112.00 were the two patterns converge with each other to go short RSI on Daily charts is already over bought.

Trade active: Entered at 112.537
Stop Loss at 113.094
Take Profit 105.000
Trade closed: stop reached: Stop was reached but it should have been above the point X went for a tight stop but it burned me out price seems it's going down now as predicted. Lessons learned from this one never jump into a trade before reversal is confirmed and put stops always above the X point.

I will see if it continues to go down on Monday and search for a short on the lower time frames.
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